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Property
Property description & features
- Status: Available
- Type: Commercial
- Ownership: Freehold
- Occupation: Tenanted
- AUCTION DATE: 25 January 2024
Reduced Buyers Fee: 3% of Sale Price (Min £3250 +vat)
The subjects comprise a substantial glazed fronted retail unit, accessed via a central recessed double pedestrian door which leads to the main retail space. Internally the subjects provide a well lit open plan retail space, along with office, staff and storage space. NIL RATES PAYABLE UNDER SMALL BUSINESS RATE RELIEF SCHEME - VERY GOOD PERFORMER UNIT - The property is situated on the east side of High Street within the suburb of Lochee in Dundee. LEASE AGREEMENT: Tenant in place since October 2023 on 15 year FRI lease agreement at £15,000 per annum. Break option October 2028. Net Area internally: 510.96 Sq.M (5,500 Sq.Ft). Surrounding occupiers include a number of national retailers such as Ladbrokes, Greggs and Superdrug along with a mix of well established local traders. Dundee is Scotland’s fourth largest city with an estimated population in the region of 145,000 and a catchment population in the region of 515,000. The city is the regional centre for commerce, retailing and employment within Tayside and is located on the east coast of Scotland with 90% of the country’s population within 90 minutes drive time. The subjects themselves are located on the east side of Lochee High Street, a popular neighbourhood shopping area, around 2 miles north west of Dundee City Centre.
Auction Details
25 January 2024, 10am-3pm
Timed Online Auction
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